Bitget Doesn’t Fear the Crypto Winter – The cryptocurrency platform Bitget launches new fund 100 million dollars intended for startups you Web 3 in Asia. This destination is not insignificant, since some continental countries are gradually adopting a framework rather inclined to the development of cryptocurrencies.
Asia: future crypto temple for Bitget
Bitget, a Seychelles-based crypto platform, announced a few days ago the launch of a new $100 million fund for Web 3 startups in Asia.
Over the past few months, the East Asian countries have made significant progress to promote cryptocurrencies, with Hong Kong seemingly easing its regulations and Japan approving a white paper for the web development 3last week.
In this dynamic, Gracy ChenCEO of Bitget, developed in a press release:
“We strive to support financial innovation in Asia and believe that our platform can serve as a reliable, convenient and secure link between the DeFi and CeFi universes. Our team of analysts has already defined the project selection criteria and will strictly adhere to them. »
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For Bitget, the crypto winter is mild
Note also that the fund is self-funded. Thus, a company spokesperson confirmed that despite the crypto winter, Bitget suffers little or no cold. On the contrary, he asserted that:
“Bitget is debt-free and has adequate cash flow, thanks to its steady development and rapid business growth”
And the news of the exchange does not contradict it. Quite the contrary! Partnership with the women’s football team of the Juventus de Turinpartnership with TradingView : the platform and its service copy trading seem to accumulate successes.
The launch of this fund comes after Bitget has invested $30 million in the decentralized wallet BitKeep. With this new fund, Bitget hopes to continue driving cryptocurrency and Web 3 adoption in Asia, while supporting innovative startups in the region. This strategy is not necessarily new. Huobi or even Samsung and its investment arm have also decided to invest in Asia.
For you, blockchain technology and cryptocurrencies will soon be at the heart of the daily life of each of us. You can expose yourself to Bitcoin, Ethereum and other tokens on the rising exchange. Sign up now on Bitget and begin to familiarize yourself with this world (commercial link).
